The UK and the US grew slower in the first quarter of 2017 than the five other advanced economies of the G7, Eshe Nelson reports for Quartz. The UK reported the lowest overall growth rate – 0.7% compared to last year – while the US reported 1.2% growth. UK concerns include inflation, slowing consumer spending, and Brexit uncertainty. The US is troubled by “sluggish” consumer spending and investor worries about whether President Donald Trump will deliver on promises to change the fiscal and tax systems, Nelson writes. England led the G7 economies in growth last year, but the top spot was held in the first quarter by Canada and its 3.7% economic expansion.
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